ABOUT THE BUILDER

Dallas-based Centex (NYSE: CTX), founded in 1950, is one of the nation's leading home building companies. Centex operates in major U.S. markets in 25 states and delivered more than 35,000 homes in the United States in its most recent fiscal year ended March 31, 2007.

In addition to its home building operations, Centex's related business lines include mortgage, title and insurance services and integrated pest defense systems. These businesses provide operational or financial support to the company's home building operations and are leaders in their respective industries. Centex ranks No. 1 in its industry on FORTUNE magazine's list of "America's Most Admired Companies."

For the fourth quarter of fiscal year 2007 ended March 31, 2007, the company reported the following results: revenues for the quarter of $3.67 billion and net earnings of $199 million, or $1.60 per diluted share.

For fiscal year 2007, Centex reported revenues of $12 billion, and net earnings of $268 million, or $2.16 per diluted share.